850 Athens Drive
About This Property
Park Place is designed for elevated living, with future resort-style amenities that will enhance everyday life. Residents will enjoy a luxurious pool, elegant clubhouse, pickleball courts, playgrounds, scenic parks, and miles of walking trails-all crafted to foster both relaxation and connection as the community continues to grow.
Located in the heart of Prosper, this homesite benefits from a prime North Texas setting known for its top-rated schools, upscale development, and small-town charm. Prosper offers convenient access to major thoroughfares, making commuting to nearby business hubs like Frisco, Plano, and Dallas seamless. The area is also home to premier shopping, dining, and entertainment destinations, along with abundant green spaces and community events.
Whether you envision a modern estate or a timeless traditional home, this premier lot in Park Place offers the space, setting, and lifestyle to bring your dream to life.
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Cap Rate Calculator
What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 5, 2026 | Sold | ||
| Sold | |||
| May 5, 2026 | In contract | - | |
| In contract | |||
| Apr 30, 2026 | Listed by Allie Beth Allman & Assoc. | $340,000 | |
| Listed by Allie Beth Allman & Assoc. | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017